Those who have been following theEthereum trading plan made by over 84% in less than two months. Technical analysis shows that ETH/USD willmove towards support of $200. The bottombreakouts are fading. When the breakoutsdisappear, the price revisits the breakout point to convert the resistance tosupport.

It is expected that $200 willhold. There are three moving averages(MA) which act as supports at that level. The three moving averages are in ideal alignment. The 50 day MA is above 100 days MA, which inturn is above than the 200 MA — thus providing for a powerful bullish trend.

The candlestick pattern showedthat there are more numbers of sellers for the ETH as there was a long wick inthe candlestick pattern. The marketindicates an extremely over-bought territory. These signals suggest that ETH is over-priced and that it should correctthe price before it can move ahead on its uptrend.

For as long as ETH trades in thecurrent trend, it might likely rally to the next target at $280. The target next would be $365.

Regulators tend to drag it longfor anything related to cryptocurrency. Anegative announcement from US SEC regarding the VanEck ETF proposal wasexpected to have the crypto world tumble. However, the dip was not very low. The Ethereum Golden cross is therefore set to spell greater gain for itsinvestors.

ETH is facing major criticismfrom their rival dapp networks. There islikely to be an improvement in Proof of Stakes and scalability. These improvements will silence the criticsand from the technical point of view, it is going to be good times in store forthe network as the Serenity Phase is upgraded to ETH.

Ethereum is preparing for aneruption. A lot of research is happeningregarding interoperability with Ethereum Classic. About four major projects are already takingplace. Improvements are made inimplementation logic, interface descriptions, improved portability, long-termreliability, compatible wallet storage, and more. The improvement in technology will lead todeveloping an improved and well-informed user base. Therefore, providing to build a trustednetwork. Ethereum will be able to thusconnect with the masses quickly. Connecting with the masses is crucial for massadoption.

The 2.0 version is much awaitedfor its advanced features. Connection with investors and masses will become alot easier.